Robinhood (HOOD) Stock Today: Insider Selling, Indonesia Expansion and 2026 Forecast After a 270% Rally

Robinhood Markets, Inc. (NASDAQ: HOOD) has gone from meme‑era punchline to one of 2025’s hottest S&P 500 stocks. After a year of spectacular gains, new international deals and record earnings, the stock is now wrestling with a different set of questions: how much of the good news is already priced in, and what comes next?

As of mid‑day on December 10, 2025, Robinhood trades around $133–$135 per share, down roughly 1–2% on the session and just below yesterday’s close of $135.71. ^[1] The stock sits near the top of its 52‑week range of about $29.66 to $153.86, and has delivered a one‑year gain north of 250%. ^[2]

At the same time, heavy insider selling, new institutional money, and a push into Indonesia and prediction markets are all shaping the latest narrative around HOOD. Here’s a deep dive into today’s news, recent performance, and what analysts expect heading into 2026.

Robinhood stock price today and recent performance

Price snapshot (Dec 10, 2025 – intraday):

Current price: about $133.82
Change on the day: roughly ‑1.4% versus yesterday’s close
Last close:$135.71, down 0.53% on December 9 ^[3]
Market cap: around $127 billion
P/E ratio: ~58x trailing earnings ^[4]
52‑week range: about $29.66 – $153.86 ^[5]
1‑year performance: approximately +258–270%, depending on data source ^[6]

Robinhood’s rally accelerated after the company was added to the S&P 500, with the index change effective September 22, 2025. That announcement alone drove a ~10% after‑hours pop and pushed the market cap toward $90+ billion at the time, highlighting the impact of passive index fund buying and improved institutional visibility. ^[7]

Since then, the stock has continued to climb, helped by strong crypto markets, rising trading volumes, and robust net interest income.

A record 2025: Q3 earnings, user growth and trading activity

The foundation for Robinhood’s 2025 rally was laid in its third‑quarter 2025 results, which blew past expectations and effectively “reset” Wall Street’s view of the business:

Total net revenue:$1.27 billion, up 100% year‑over‑year ^[8]
Net income:$556 million, up 271% YoY
Diluted EPS:$0.61, up 259% YoY ^[9]
Adjusted EBITDA:$742 million, up 177% YoY ^[10]

Key operating metrics underline the magnitude of the turnaround:

Funded customers:26.8 million, up 10% YoY ^[11]
Total platform assets:$333 billion, up 119% YoY, driven by net deposits and higher equity/crypto valuations ^[12]
Net deposits (Q3):$20.4 billion, implying a 29% annualized growth rate versus Q2 assets ^[13]
Robinhood Gold subscribers:3.9 million, up 77% YoY ^[14]
Average revenue per user (ARPU):$191, up 82% YoY ^[15]

On the revenue side, growth was broad‑based:

Equities trading revenue: up about 132% YoY
Options trading: up roughly 51% YoY
Crypto trading: up around 300% YoY, with crypto volumes surging across both the Robinhood app and Bitstamp ^[16]
Net interest revenue: up 66% YoY to about $456 million, supported by bigger margin balances and securities lending. ^[17]

The company also shared preliminary October 2025 data, showing:

October net deposits of ~$5.5 billion (about 20% annualized growth versus September assets)
Margin balances above $16 billion, more than 150% higher than a year earlier
Strong gains in equity, options and crypto trading volumes. ^[18]

Taken together, these figures explain why many analysts now view Robinhood less as a meme‑stock relic and more as a fast‑growing, profitable fintech with multiple revenue pillars.

December 10, 2025 news: momentum vs. insider selling

The story on December 10, 2025 is not just about price. It’s about who is buying, who is selling, and why.

Today’s headlines at a glance

“Momentum stays hot as new markets, big sellers shape December trade” – Parameter highlights that HOOD is still riding one of the strongest rallies in the S&P 500, with the stock in the mid‑$130s after nearly 270% year‑to‑date gains. ^[19]
“Robinhood stock falls 0.53% as insider selling rises” – CoinCentral notes that despite a 164–270% run over the past year, recent sessions have seen small pullbacks tied to aggressive insider selling and profit‑taking. ^[20]
“Azora Capital LP takes position in Robinhood” – MarketBeat reports that hedge fund Azora Capital opened a 108,527‑share position (about $10.2 million) in Q2, as institutional ownership climbs above 93% of the float. ^[21]

Insider selling: a red flag or just diversification?

Recent filings show a wave of insider selling:

CEO Vladimir Tenev sold 750,000 shares at an average price near $139.73 in October.
Co‑founder Baiju Bhatt sold 1.33 million shares around $128.47 in November. ^[22]
CTO Jeffrey Pinner sold several thousand shares at prices in the low‑$130s earlier this month. ^[23]

In total, insiders have offloaded roughly 3.7 million shares worth $470–500 million over the past 90 days, though they still hold nearly 20% of outstanding shares. ^[24]

Articles from CoinCentral and Parameter stress that this selling doesn’t necessarily mean insiders are bearish, but it does feed a growing debate about valuation after such a rapid run‑up. ^[25]

Institutional flows: mixed but engaged

Institutional investors are far from sitting on the sidelines:

MarketBeat points to new positions like Azora Capital’s stake, alongside other firms building small holdings. ^[26]
Other funds, including some highlighted in recent coverage, have trimmed positions to lock in gains after the rally. ^[27]

With institutional ownership north of 90%, even modest shifts in positioning can magnify volatility—especially in a stock with a beta above 2. ^[28]

Indonesia entry and the push beyond U.S. trading

One of the most important December developments is Robinhood’s expansion into Indonesia, a market with deep crypto adoption and a young, mobile‑first investor base.

According to recent coverage, Robinhood has agreed to acquire:

PT Buana Capital Sekuritas (a local brokerage), and
PT Pedagang Aset Kripto (a licensed crypto trading platform). ^[29]

These deals give Robinhood:

A regulatory foothold in one of the world’s most active crypto markets
A path to eventually offer U.S. equities and global crypto access to Indonesian users
Strategic exposure to a region where retail trading and digital asset usage are growing fast. ^[30]

This move builds on a broader international push described in the Q3 report:

Nearly 700,000 funded customers across the UK and EU, including via Bitstamp, which Robinhood acquired earlier in 2025 ^[31]
Launch of crypto perpetual futures in Europe and a doubling of stock tokens available to EU customers
AI‑powered features like “Digests by Cortex” and access to futures trading in the UK. ^[32]

If Indonesia scales, it could become a key pillar of Robinhood’s Asia‑Pacific strategy and an additional growth engine beyond the U.S. and Europe.

Prediction markets and the “YES/NO” moment

Robinhood is also leaning into event‑based trading and prediction markets:

Q3 saw event contracts traded more than double sequentially to 2.3 billion, with October alone reaching 2.5 billion contracts. ^[33]
The company has rolled out a Prediction Markets Hub, including sports contracts and broader event contracts, which are quickly becoming a meaningful part of volume. ^[34]
Recent reporting suggests Robinhood is targeting around $100 million in annualized revenue from these YES/NO‑style products as they scale. ^[35]

Parameter notes that Robinhood has even scheduled a “YES/NO” keynote event for December 16, signaling its intent to be a dominant player in event‑driven trading. ^[36]

Alongside this, the firm is pushing a broader “financial superapp” vision:

Robinhood Social – a social layer where users can share trades and insights
AI‑driven indicators and scanners via its Cortex engine
Support for multiple brokerage accounts, short selling, enhanced options tools, and more, unveiled at the HOOD Summit. ^[37]

These features are designed to keep active traders on‑platform and deepen monetization beyond simple zero‑commission stock trades.

Analyst ratings and price targets: wide dispersion

If you look at Wall Street today, there’s one point of agreement: Robinhood is no longer an ignored niche stock. Beyond that, opinions diverge—especially on valuation.

Consensus ratings

Different aggregators show slightly different coverage universes, but the overall tone is positive to cautiously bullish:

MarketBeat:
- 23 analysts
- Consensus rating: “Moderate Buy”
- Breakdown: 1 sell, 7 hold, 14 buy, 1 strong buy ^[38]
TipRanks:
- 20 analysts over the last 3 months
- Consensus rating: “Moderate Buy” (14 buys, 5 holds, 1 sell) ^[39]
StockAnalysis:
- 21 analysts
- Consensus rating: “Buy” ^[40]

Meanwhile, Zacks’ model currently assigns Robinhood a Rank #1 (Strong Buy), citing positive earnings revisions and strong revenue growth. ^[41]

Price targets and valuation debate

Price targets are all over the map:

MarketBeat: average $136.95, high $180, low $47 – implying just ~1% upside from the mid‑$130s. ^[42]
StockAnalysis: average $119.62 with the same $47–$180 range – implying ~11% downside from current levels. ^[43]
TipRanks: average $152.16, high $181, low $68, suggesting ~12% upside from around $135.71. ^[44]

Research firm Simply Wall St adds another layer:

It estimates a “narrative” fair value of about $151.55, implying ~10.5% upside, but notes that the analyst average target it tracks is closer to $113, with a wide $50–$160 range. ^[45]
The site highlights that Robinhood trades at around 55–56x earnings, more than double the average P/E of comparable financial peers. ^[46]

In short, analysts agree Robinhood is growing fast and executing well, but they disagree on how much investors should pay for that growth.

Earnings forecasts: growth expected to continue

Zacks‑based estimates (summarized via Finviz and other outlets) show analysts still expecting robust growth over the next two years: ^[47]

Current quarter EPS: about $0.56, up 3.7% from the year‑ago quarter
Full‑year 2025 EPS: around $1.95, up ~79% YoY
Full‑year 2026 EPS: roughly $2.27, another ~16% increase
Current quarter revenue: around $1.28 billion, up ~26.5% YoY
2025 revenue: about $4.46 billion (+51% YoY)
2026 revenue: about $5.4 billion (+21% YoY)

Those estimates have generally ticked higher over the past month, one reason the stock earns that Zacks Rank #1 (Strong Buy).

Options market signals: bullish traders and hedged whales

Options flow can be a useful sentiment gauge for a high‑beta name like HOOD:

A Benzinga options report today flagged bullish call activity in Robinhood, including a trade in $138 calls expiring December 12, 2025 with total premium around $30,800—a short‑term bet on further upside. ^[48]
Another recent piece highlighted bearish long‑dated puts (e.g., a September 2026 $135 put), indicating that some large players are hedging against a pullback after the huge 2025 run. ^[49]
Benzinga’s overview of HOOD options also notes elevated volume and suggests the stock is approaching overbought territory on RSI, reinforcing the idea that near‑term volatility could be high. ^[50]

Overall, options activity mirrors the broader debate: aggressive traders hunting more upside, and cautious institutions buying insurance after a big move.

Key risks: crypto sensitivity, costs and regulation

Even bullish commentators consistently flag several risks around Robinhood:

Crypto and risk‑asset dependence
Recent coverage notes that options and crypto together make up a large majority of transaction‑based revenue (roughly 78% in the latest quarter), making HOOD highly sensitive to crypto prices and overall risk appetite. ^[51]
Valuation and profit‑taking
At mid‑50s P/E and a P/E/G ratio near 3, Robinhood trades at a clear premium to traditional brokers and even many fintech peers. ^[52]
Articles from CoinCentral and Bitget both emphasize that after a 250–270% YTD rally, even great earnings can trigger sell‑the‑news reactions as investors lock in profits. ^[53]
CFO transition and execution risk
Q3 disclosures revealed that long‑time CFO Jason Warnick will retire in early 2026, with finance executive Shiv Verma stepping in as successor. ^[54]
Leadership transitions rarely derail a strong franchise on their own, but they can add uncertainty at exactly the time investors are scrutinizing margins and spending.
Regulatory and product risk
- Robinhood’s crypto and prediction market offerings operate in areas where regulation is evolving quickly.
- Event contracts in particular have already attracted attention from regulators in the U.S. and abroad, and new rules could alter the economics of that business. ^[55]
Rising operating expenses
Management has guided that adjusted operating expenses plus stock‑based compensation for 2025 will land toward the high end of prior ranges, reflecting heavy investments in product development and expansion. ^[56]
If revenue growth slows while spending stays elevated, margins could compress.

Bull vs. bear case heading into 2026

To help frame the debate, it’s useful to lay out the main arguments on each side.

Bull case for HOOD

Explosive 2025 fundamentals: Revenue and earnings more than doubled year‑over‑year, with strong momentum in all major product lines. ^[57]
Powerful network effects: A growing base of 26.8 million funded customers and nearly 4 million Gold subscribers gives Robinhood a captive audience for new features, advisory products and cross‑selling. ^[58]
International and product expansion: Indonesia, the UK, EU, futures, crypto perpetuals, prediction markets, AI tools and social features all expand the monetization canvas. ^[59]
S&P 500 inclusion: Index membership increases baseline institutional demand and visibility, which can support valuations over the long term. ^[60]
Positive earnings revisions: Analysts continue to nudge earnings estimates higher, and many models project double‑digit EPS and revenue growth into 2026. ^[61]

Bear case for HOOD

Rich valuation: Trading at more than twice peer P/E multiples, the stock leaves little room for disappointment if trading volumes normalize or crypto cools. ^[62]
Heavy insider selling: While often driven by diversification or tax planning, hundreds of millions of dollars in recent insider sales inevitably spook some investors. ^[63]
Volatile revenue mix: A business model deeply tied to risk‑on retail trading and crypto cycles could see meaningful slowdowns in a less speculative environment. ^[64]
Regulatory overhang: Any shift in U.S. or international rules around payment for order flow, crypto trading, or event contracts could weigh on growth and margins. ^[65]
Cost discipline still unproven at scale: Operating expenses are rising quickly as Robinhood invests in new regions and products. Sustaining margin expansion while spending aggressively will be a key test.

Bottom line: how to think about Robinhood stock right now

As of December 10, 2025, Robinhood is:

A high‑growth, profitable fintech with record earnings, a rapidly expanding international footprint, and multiple new product lines. ^[66]
A high‑beta, richly valued stock sitting near all‑time highs after a 250%+ move in 12 months. ^[67]
A name that professional analysts largely rate “Buy” or “Moderate Buy”, but with price targets that range from deeply bearish to highly optimistic. ^[68]

For growth‑oriented investors, HOOD is increasingly seen as a leveraged play on retail trading, crypto activity, and the rise of app‑based investing globally. For more conservative investors, the combination of lofty multiples, insider selling and macro sensitivity may justify waiting for a better entry point or clearer evidence that margins can stay elevated through a full cycle.

Either way, Robinhood has firmly moved beyond its meme‑stock roots. The big question now is whether management can convert 2025’s breakout year into a sustained, global franchise—without losing the discipline investors are now paying a premium to own.